Stories
Chargesheet Filed in 16-Year-Old Jammu Finance Fraud Case Against Four Accused
- •The Economic Offences Wing (EOW) of the Crime Branch filed a chargesheet against four individuals in a 16-year-old fraud case involving Johar Veer Goga (JVG), an unauthorized non-banking finance company in Jammu.
- •The case originated from a 2010 complaint by Pran Nath Peshin, who invested Rs 3 lakh in JVG in 1996-97 but was not repaid upon maturity, finding the company's office closed.
- •Investigation revealed that Managing Director Vijay Kumar Sharma, Directors Tirpath Singh Bhan and Mohan Chander Joshi, and Manager Amrik Singh Sambyal allegedly operated JVG with common intent to deceive investors for personal gain.
- •Verification with regulatory bodies confirmed JVG was not registered with the Registrar of Companies, RBI, or SEBI, and forensic examination confirmed Sambyal's genuine signatures on the disputed fixed-deposit receipts.
- •Legal proceedings are ongoing against the four accused, with the chargesheet filed against Sambyal and the deceased Joshi; the court has been requested to initiate proceedings against absconding accused Sharma and Bhan.
Key Questions Answered
The Jammu Crime Branch's Economic Offences Wing filed a chargesheet against four individuals linked to the unauthorized non-banking finance company Johar Veer Goga (JVG). The case originated from a 2010 complaint by an investor who was not repaid his Rs 3 lakh fixed deposit made during 1996-97.
The accused include Managing Director Vijay Kumar Sharma, Directors Tirpath Singh Bhan and Mohan Chander Joshi, and Manager Amrik Singh Sambyal. The final chargesheet was produced against Sambyal and Joshi, who has since passed away, while authorities requested legal proceedings against the absconding Sharma and Bhan.
Verifications with the Registrar of Companies, RBI, and SEBI confirmed that JVG lacked registration with any regulatory authorities. Additionally, an FSL Jammu forensic examination verified that the disputed fixed-deposit receipts bore the genuine signatures of Manager Amrik Singh Sambyal.